Cushman & Wakefield PLC $CWK Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. has reduced its holdings in Cushman & Wakefield PLC by 4.3%, now owning approximately 0.23% of the company, valued at $5.5 million.
• Large investors have shown mixed activity with Deutsche Bank AG increasing its stake by over 800%, while others like Russell Investments decreased theirs.
• Analysts maintain a generally "Moderate Buy" consensus rating for Cushman & Wakefield, with various brokerages recently raising their price targets.

Russell Investments Group Ltd. decreased its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 4.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 539,203 shares of the company's stock after selling 24,228 shares during the quarter. Russell Investments Group Ltd. owned about 0.23% of Cushman & Wakefield worth $5,511,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. RiverPark Advisors LLC acquired a new stake in shares of Cushman & Wakefield during the fourth quarter worth $150,000. Capital Insight Partners LLC acquired a new stake in shares of Cushman & Wakefield during the first quarter worth $175,000. Jane Street Group LLC boosted its holdings in shares of Cushman & Wakefield by 101.8% during the fourth quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock worth $190,000 after purchasing an additional 837,554 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Cushman & Wakefield during the fourth quarter worth $197,000. Finally, Entropy Technologies LP acquired a new stake in shares of Cushman & Wakefield during the first quarter worth $242,000. Institutional investors and hedge funds own 95.56% of the company's stock.

Analyst Ratings Changes

CWK has been the topic of several analyst reports. Citizens Jmp initiated coverage on Cushman & Wakefield in a report on Monday, July 21st. They set a "strong-buy" rating and a $15.00 price objective on the stock. UBS Group lifted their target price on Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. lifted their target price on Cushman & Wakefield from $13.00 to $20.00 and gave the company a "neutral" rating in a report on Tuesday. Wall Street Zen upgraded Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Finally, JMP Securities lifted their target price on Cushman & Wakefield from $15.00 to $16.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $15.13.

Cushman & Wakefield Trading Up 0.7%

Cushman & Wakefield stock traded up $0.11 during midday trading on Wednesday, reaching $15.96. The stock had a trading volume of 1,770,500 shares, compared to its average volume of 2,741,084. Cushman & Wakefield PLC has a twelve month low of $7.64 and a twelve month high of $16.22. The stock has a market capitalization of $3.69 billion, a PE ratio of 18.13 and a beta of 1.50. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.13 and a current ratio of 1.13. The stock's 50-day simple moving average is $12.58 and its 200 day simple moving average is $11.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.08. The company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $2.38 billion. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%.The firm's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Analysts expect that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Cushman & Wakefield Company Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.